farm income

While American families are dealing with record-high grocery prices, farm families can expect to see a drop in income during 2023.  American Farm Bureau Federation economists analyzed the Farm Income Forecast in their latest Market Intel Report, noting that income will fall 16% this year while costs will rise over 4%.   “...

There are several reasons behind the USDA forecasting a 21% drop in net cash income for farmers this year, but one of the more obvious reasons is the roughly 34% drop in government payments.  USDA chief economist Seth Meyer said 2023 will mark a couple of years in a row of direct government payments declining.  Meyer s...

Farm loan interest rates increased sharply during the third quarter.  The Federal Reserve Bank of Kansas City said despite the high borrowing costs, farm real estate values continued higher.  However, the rate of increase slowed in the quarter.   Follo...